Banks expected to steer economic growth

Banks are expected to play a critical role in ensuring adequate and constant funding for domestic investment and infrastructure development.

This follows the government’s launch of a new economic growth trajectory, in which the banking community has a huge task of spearheading domestic investment and infrastructure development with regards to continued funding.

The banks’ sustainable funding is also expected to benefit from policy consistency and predictability under the new dispensation which is ever committed on the economic recovery process.

Professor Tony Hawkins highlighted the need for international community engagement for banks to have market confidence.

The economy will continue to need stable support from banks to grow the manufacturing sector, agriculture and mining to achieve desirable productivity levels for export.